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Announced

Completed

The Progress Group completed the acquisition of AC Education.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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United Kingdom

Friendly

Single Bidder

Private

educational services

Completed

Acquisition

Education Services

Majority

Domestic

Synopsis

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The Progress Group, a company in education and training business, completed the acquisition of AC Education, a provider of eLearning for children’s services and the education sector. Financial terms were not disclosed. “This strategic acquisition will significantly strengthen and enhance our eLearning offer, facilitating our expansion into new markets whilst also enabling us to increase our offer to our existing customers. The labour market demand for online learning, particularly in the education industry, has continued to rise significantly with research reporting a 900% growth rate globally since the year 2000. Therefore, it is vital that businesses such as ours invest in capabilities in this area in order to best serve the sectors in which we work," Jayne Worthington, The Progress Group CEO.

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